In May, the world watched in horror once again as the US once hit its debt ceiling, and the bitter infighting between Congressional Democrats and Republicans threatened to derail the world economy. Democrats once again wanted the debt ceiling to be raised without conditions, while Republicans wanted massive spending cuts, and were willing to risk a default to get it. Fortunately, in the end cooler heads prevailed and a deal was reached that allowed the government to continue to pay their debts without going into default, and everyone promptly forgot about it. Until…now. After three years of relief, the U.S. […]
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